St. Paul daily globe., 1887-10-23
The Rice Street district.

property Ill SU. raul.
The Rice Street District.
Mr.. Lowry has commenced in good
faith to extend the cars from Front
street to Maryland street. and has already
finished one block and is hauling the
rails along the whole route, having
nearly one hundred men at work there
yesterday Maryland street is within
about four hundred yards of the North
ern Pacific station at Rice street villas.
The city council has made the prelim-
mary order referring to the board of
public works the widening of Como and
Phalen avenues 125 feet wide SO as to
carry out one of Mr.. Van Sykes grand
boulevardS from the two parks at Phalen
ready for grading by spring, and will
add another attraction to the Rice street
district, passing as it does through the
Rice street villas, east and west. 1t will
undoubtedly become in time one of our
most fashionable driveways. just
beyond this the Lake McCarron
residents have gone to work in earnest
and secured the right of way for bOule
ward entirely around it, and will donate
it on condition they are not to be
assessed for its improvement. This lake
is already stocked with fish, and lots are
selling there at $500 to $500 apiece. A
park should be added to this boulevard,
and the owners of land there
will make money by donat-
ing it to the city on the
same conditions they donate the boule-
ward around the lake. In the meantime
the sales of lots at Rice street villas are
being made at auction prices to parties
who hnil1 npYt
after, and as result of the auction sale
of lots on the 18th of October sixteen
houses are to be built there next sum-
mer and as many more up to 100 as
choose to avail themselves of the offer
of the prOprietorS to furnish lumber to
all who buy this winter to build here
after.
THE $500 RAILROAD
has been donated $4,000 worth of land
for a right of way through Rice street
villas and will have station on block
2, MerrilFS subdivision of the villas OH
the hill beyond the brick yard. The
iron mill which suspended work for
two months past is expected to be
opened again soon with capacity to en-
plOy $50 hands. The directors are cor
responding with nail manufacturOry
at Omaha, with view to consolidating
the two establishments and also with an
other iron concern at Cleveland
which expects to employ fifty hands.
Gentlemen representing both these con-
Germs have visited st. Paul and negOtia-
tiOns are still pending with fair pros
poets of reSuming work at the Capitol
Iron works, and adding to other estab-
lishments.
Merriam & Moore, who own land be-
yond, have under contemplation the eX-
tension of the spur track of the North
ern Pacific railroad at the villas so
as to reach their land and
give still more accommodations to
other manufactures. With mile or two
of side trackage at the villas, the pros
pect seems promising for making a
manufacturing center to add still more
to the attractions of this district and if
half is done that is contemplated, this
hitherto neglected district will come to
the front as the platS in West st. Paul
have done, and lower Third street,
which were formerly so poor there was
none to do them reverence.
What They Say.
Michaud & Michaud-Wel business is not
much to boast of. Trade is light, but it will
come up by and by.
Stone d Morton-Business is light but
prices are steady and very firm.
Hubbell d Bishop-Business is rather i'm
proving and people seem to talk with more
confidence.
NJ A. Bigford-The market is certainly i'm
proving. The difference is not very great as
yet, still there is an improvement. ST. An
thony Hill and Midway property is looking
UP.
Middleton, Dougan & Hanson-We observe
some Improvement, partly owing probably to
the fact that the money market is in better
condition.
Ir,l1 LII -.
very satisfactory condition. We are having
good deal of inquiry and fair number of
sales.
A. B. Wilgus & Co.-Our sales have been
quite as large as usual. especially in West St.
Paul. Business is better. Money is easier.
Bushnell & Bushnell-There certainlyis an
improvement in the tone of the real estate
market. Summit avenue and st. Anthony
htll property is in good demand. Notwith-
standing all that has been said money still
continues to come here from the East for in
vestment.
st. Paul Improvement Company-We sell
OH an average of from fifteen to eighteen lots
per day, upon which buildings will be
erected. There is certainly an improvement
in the market.
Weatherby d. Hay-There has been no i'm
portant Or noticeable change in the market
during the past week. Business is fair with
considerable inquiry.
II. S. Fairchild & Son-We have observed
some indications of improvement in the mar
ket during the week, and it to be slowly but
steadily coming forward. Minnesota Trans
fer property and all that in Midway Heights
and Merriam Park is coming into public favor
more than ever.
j. Fairchild d Co-Business is not active,
still there is a good deal being done right
along all the time. One of the most promis
ing parts of town at the present time is the
long neglected Rice street district. Rice
street is one of our most important business
thoroughfares. 1t runs through a very de-
sirable region of country that through the
railroads and other great public improve
ments, is being brought rapidly into public
favor. There is great deal of building out
in that direction, and we are selling lots
quite freely i'll that locality.
Bristol & Loomis-There is little more
activity in the market and we are having
more inquiry as well as more sales.
Mcguire Bros.-We find the tone of the
market steady and firm on inside and mid
way realty, and predict a strong advance in
prices the coming year. We have received d
large amount of Southern capital the past
week for investment, which shows a conf
dence in the future market by non-residents
and spectators. Our home speculation
would be greater only for a few chronic
grumblers, who are continually croaking that
prices are high, when, in reality, they are
lower than in any other city in the Union of
the same magnitude as st, Paul.
Real Estate Notes.
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